Corporate Social Responsibility

At BSS Microfinance, Corporate Social Responsibility (CSR) is not just a duty; it is ingrained in the fabric of our organization. We believe in giving back to society and making a positive impact on the communities we serve. Our CSR initiatives are centred around enhancing livelihoods and uplifting the lives of those in need.

 

We understand the importance of financial literacy in building a secure future. Our CSR initiatives include financial education programs aimed at promoting financial literacy among underserved communities. By educating individuals on budgeting, saving, and managing finances, we empower them to make informed decisions and break the cycle of poverty.

 

At BSS Microfinance, we strongly believe in the transformative power of women's empowerment. Our CSR efforts focus on providing women with access to financial resources, business training, and mentorship. By supporting women entrepreneurs, we uplift families and promote gender equality within communities.

As a responsible financial institution, we are committed to environmental sustainability. Our CSR initiatives include eco-friendly practices, waste reduction programs, and support for renewable energy projects. By promoting environmental consciousness, we contribute to a greener and more sustainable future.

 

At BSS Microfinance, we believe in accountability and transparency. We continuously assess the impact of our CSR initiatives and seek feedback from beneficiaries and stakeholders. This feedback helps us refine our programs and ensure that we are making a meaningful difference in the lives of those we serve.

At BSS Microfinance, our commitment to CSR goes beyond the bottom line. We believe that by enhancing livelihoods and uplifting communities, we contribute to a more inclusive and equitable society. Through our CSR initiatives, we strive to create a positive ripple effect, inspiring others to join us on the journey towards a brighter future for all.

Livestock plays a critical role in rural livelihoods, providing food, revenue and employment. In times of crop failure, livestock serves as a form of insurance. The number of livestock owned often reflects a farmer’s social status in rural communities, with two-thirds of rural population relying on livestock for their livelihood.

To support this vital sector, we launched a Livestock Development Program, which focuses on:

• » Breed improvement through conventional methods and sorted sex semen,
• » Enhancing animal health and nutrition,
• » Promoting fodder production and clean milk practices
• » Providing livelihood support for small ruminants

The initiative directly impacted 15,874 families across 171 villages in the Mandya and Chamrajnagara districts, benefiting a total 33,855 cattle. Additionally, 1,100 farmers now have secured sustainable green fodder availability. The establishment of 16 fodder nurseries will ensure the program’s continued expansion and sustainability.

BSS MFI is also committed to improving educational infrastructure, which plays a key role in encouraging student attendance and fostering long- term community development. Many schools, particularly in rural areas, lack even basic facilities.

In response, BSS MFI provided essential materials such as benches, desks, tables, and chairs to selected schools in Karnataka, Bihar, Tamil Nadu, Madhya Pradesh, and Maharashtra.

During the fiscal year 2023-24year, support extended to 47 Govt. Schools.

BSS MFI is determined to transform healthcare access for underserved rural communities, particularly in the face of rising non-communicable diseases (NCDs) like cardiovascular conditions, diabetes, and respiratory ailments, which account for 60% of all deaths in India. This issue is exacerbated by healthcare divide between urban and rural areas, despite 86% of clinical interactions occurring in rural regions.

To address this disparity, BSS MFI launched Medical Mobile Unit (MMU) initiative in collaboration with Apollo Telemedicine Networking Foundation (ATNF). The MMU provides teleconsultations and doorstep healthcare delivery. The Program also focuses on eye screening, distributing spectacles, offering nutritional support to pregnant women and malnourished children, and raising awareness about healthcare.

In 2023-24, the MMU operated in 48 villages (24 each in Chitradurga District, Karnataka, and Mandla district, Madhya Pradesh), benefiting over 16,000 individuals.

In addition to ongoing initiatives, BSS MFI also provides support during natural disasters. In response to emergencies, BSS MFI distributed food kits, water filters, and provided moral support to affected families. During 2023-24, relief was extended to 2,200 families in Karnataka and Tamil Nadu.

Through these diverse CSR initiatives, BSS MFI continues to make a meaningful impact on rural livelihoods, healthcare access, and educational facilities.

 

Besides their monetary benefit and providing a steady stream of food and revenues for households, livestock provide employment to the rural family; act as insurance during crop failures and the number of livestock owned by a farmer determine the social status among the community. Livestock provides livelihood to two-third of rural community.

With this backdrop, initiated a program on Livestock Development. Under livestock development emphasis was give on breed improvement through conventional and sorted sex semen, animal nutrition, animal health, fodder production and clean milk production as its secondary source of income for the farmer. In addition, livelihood support extended for small ruminants. Project implemented in Mandya and Chamrajnagara districts in 127 villages, which benefitted to 33,855 cattle belonging to 15,576 families.

 

To improve the infrastructure at Govt. Veterinary Hospital, a hospital located at Belgola in Mandya dist. Through financial extended for new borewell- digging and installation, animal Examination Centre, Toilet, Sump and Campus Beautification. Veterinary hospital caters the services to 11 villages, benefits to 1,410 cattle, 200 pigs and 1,100 goats.

 

Several researches have proved that good infrastructure encourages kids to attend school more regularly than the ones without any good facilities. At other hand due to lack of resources most of the schools does not have minimum infrastructures. Therefore provided school essential materials such as benches, desks, tables, and chairs for selected Schools of Karnataka, Bihar, Tamilnadu, Madhya Pradesh and Maharashtra state.

 

 

For more information on the BSS Corporate Social Responsibility Policy, please click here